Reckitt Benckiser Group (LON:RKT) Reaches New 52-Week High – Here’s What Happened

Reckitt Benckiser Group plc (LON:RKT) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 5,830 ($78.28) and last traded at GBX 5,822 ($78.17), with a volume of 21718451 shares changing hands. The stock had previously closed at GBX 5,804 ($77.93).

Analysts Set New Price Targets

A number of research analysts have recently commented on RKT shares. Berenberg Bank dropped their price target on Reckitt Benckiser Group from GBX 5,920 to GBX 5,555 and set a “hold” rating for the company in a research note on Wednesday, August 6th. UBS Group reiterated a “buy” rating and issued a GBX 7,700 price target on shares of Reckitt Benckiser Group in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,300 price target on shares of Reckitt Benckiser Group in a research note on Monday, July 21st. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 5,200 price target on shares of Reckitt Benckiser Group in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada increased their price target on Reckitt Benckiser Group from GBX 5,700 to GBX 6,000 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 5,951.

Reckitt Benckiser Group Stock Performance

The company has a 50-day moving average of GBX 5,633.56 and a 200-day moving average of GBX 5,243.53. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 110.26. The firm has a market capitalization of £39.94 billion, a P/E ratio of 3,247.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

Reckitt Benckiser Group (LON:RKT) last posted its quarterly earnings data on Thursday, July 24th. The company reported GBX 141.20 earnings per share for the quarter. Reckitt Benckiser Group had a return on equity of 18.70% and a net margin of 10.78%. On average, equities analysts anticipate that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Reckitt Benckiser Group news, insider Tamara Ingram acquired 293 shares of the stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average cost of GBX 5,626 per share, with a total value of £16,484.18. Also, insider Margherita Della acquired 267 shares of the stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average cost of GBX 5,649 per share, with a total value of £15,082.83. In the last quarter, insiders bought 2,212 shares of company stock valued at $12,488,849. Insiders own 0.42% of the company’s stock.

Reckitt Benckiser Group Company Profile

At Reckitt, we protect, heal and nurture. We are the company behind some of the world’s best known and most trusted Health and Hygiene consumer brands.

Delivering for a cleaner, healthier world requires strong brands with a global footprint. From Dettol, Lysol, Durex, Finish, Harpic and Vanish, Mucinex, Nurofen, Gaviscon, Veet and Strepsils, consumers love and rely on our brands to care for their families, as they have done for over 200 years.

We use our scientific expertise and deep human understanding to develop solutions to help people improve their lives – that is why over 30 million Reckitt products are sold each day worldwide.

At Reckitt, we’re all making a real difference to people all over the world, every day.